Bitcoin Hits $16K For a New 2020 Record: 325% Up Since March Yearly Low

  • Bitcoin continues its positive price development as it just managed to take yet another coveted milestone – the $16,000 mark.
  • With this most recent increase, bitcoin’s price has increased by as much as 325% from the lows that it encountered back in March 2020 as the COVID19 pandemic was announced.
  • It’s worth noting that this is another yearly high.
  • It’s also interesting to see how high can Bitcoin go during its current bull run. At the time of this writing, we are only 25% away from the previous all-time high of 2017.
Binance_16k
BTC/USDT, Binance. Source: Binance.
  • As CryptoPotato reported earlier today, the popular cryptocurrency exchange Kraken released their monthly report for October.
  • In it, they outlined that November has been very volatile month and that the price might start creeping up to its former all-time high.
  • So far, this seems to be the case.
  • Meanwhile, Bitcoin’s dominance seems to have increased during this latest rally, meaning that altcoins have failed to gain any further grounds.
SPECIAL OFFER (Sponsored)
Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).


.custom-author-info{ border-top:none; margin:0px; margin-bottom:25px; background: #f1f1f1; } .custom-author-info .author-title{ margin-top:0px; color:#3b3b3b; background:#fed319; padding:5px 15px; font-size: 20px; } .author-info .author-avatar { margin: 0px 25px 0px 15px; } .custom-author-info .author-avatar img{ border-radius: 50%; border: 2px solid #d0c9c9; padding: 3px; }

The post appeared first on CryptoPotato

Buy Bitcoin with Credit Card

BitMex Leverage Trading

Automated Trading Bot

Related Posts

Leave a Reply

Bitcoin (BTC) $ 99,143.56 2.40%
Ethereum (ETH) $ 3,378.48 7.61%
Tether (USDT) $ 1.00 0.08%
Solana (SOL) $ 260.38 7.60%
BNB (BNB) $ 629.55 2.86%
XRP (XRP) $ 1.38 23.39%
Dogecoin (DOGE) $ 0.393584 2.26%
USDC (USDC) $ 0.999912 0.01%
Lido Staked Ether (STETH) $ 3,380.68 7.61%
Cardano (ADA) $ 0.863412 10.41%